GLOBAL NEWS •
ZAMBIA :
BARRICK PROCURES LOCALLY FIRST AT LUMWANA COPPER MINE
Global news
Supplied Barrick Gold
Local-first policy drives Barrick ’ s procurement practices .
Approximately USD4.3-billion in goods and services have been purchased by Lumwana copper mine from Zambian registered businesses since it went into production , in line with Barrick Gold Corporation ’ s local procurement and economic development practices .
President and chief executive Mark Bristow said Lumwana ’ s local procurement expenditure in 2022 was USD432-million , out of a total of USD520-million , which represents 83 % of the mine ’ s total procurement spend . Since 2019 , when Barrick was reconstituted following its merger with Randgold Resources , local expenditure has increased year on year . Additionally , all Lumwana ’ s copper concentrates are delivered to Zambian smelters by a local transporter .
“ Our procurement practices prioritise local companies , followed by those from the larger Zambian region . We only use international suppliers when the goods and services we require are not available in the country ,” Bristow said .
In total , since Barrick assumed operatorship in 2011 , Lumwana has contributed more than USD8.2-billion to Zambia ’ s economy in the form of royalties and taxes , salaries and goods and services .
In 2022 , Barrick launched the ‘ Business Accelerator Program ’ aimed at building business capacity for Zambian contractors in its mining supply chain and to support them in effecting their own growth plans and diversifying their markets to become independent and sustainable beyond Lumwana ’ s life of mine .
Barrick is also committed to local employment , with 99.3 % of Lumwana ’ s employees and 98 % of its contractors comprising nationals . “ Prioritising the provision of jobs and business opportunities for our local communities and host countries is critical to the development of our social license to operate . Local employees and business partners also bring diversity to our operations and business and help us better understand customs , cultural practices and the impact our activities have on host communities ,” said Bristow .
Barrick is also committed to local employment .
CANADA :
GLOBAL MM-ISAC APPOINTS FIRST INDUSTRY CISO-IN-RESIDENCE
The Mining and Metals Information Sharing Analysis Center ( MM- ISAC ) has appointed Rob Labbé as CISO-in-Residence , effective 4 July 2023 . Labbé is the first ever CISO-in-Residence for the global mining and metals industries , a move that the MM-ISAC board of directors believes will accelerate the industries ’ collective ability to advance cyber resiliency , increase the sharing of best practices and broaden global support for the security of operations .
Labbé is the founding chair of MM-ISAC and has over 20 years of experience in the cyber security industry , the last 10 focused on the mining and metals industry .
Industry-wide security guidance The establishment of an industry CISO-in-Residence will facilitate the development and dissemination of industry-wide security guidance , allowing mining operators and supply chain partners to improve cyber preparedness and resilience . In addition , Labbé provides critical cyber risk and strategic guidance to senior leadership and boards across the industry .
“ Smaller mining and metals organisations do not have their own executive cyber security leader , nor do they necessarily have cyber risk management expertise within the senior management team or within the board ,” said Labbé . “ However , they face the same risks as the larger companies , arguably with a higher probability of material impact .” The additional capacity will allow MM-ISAC members to draw on specific industry-based cyber security expertise to support continued safe , sustainable production .
Source : Mining and Metals Information Sharing Analysis Center . •
About MM-ISAC : Founded in 2017 , the Mining and Metals Information Sharing Analysis Center ( MM-ISAC ) is a not-for-profit organisation focused on enabling companies across the global mining and metals industries to collaborate on cyber security and cyber risk management . MM-ISAC member companies operate over 150 mines , smelters and other operations based in over 20 countries across 6 continents .
www . africanmining . co . za African Mining Publication African Mining African Mining • September 2023 • 9